Mining, Metals, & Resource Management

ConocoPhillips Deal Boosts Rising Phoenix Capital in Midland Basin

ConocoPhillips

Rising Phoenix Capital, a boutique investment firm specializing in oil and gas mineral royalty acquisitions, announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips. This purchase strengthens the firm’s growing position in the core of the Midland Basin, widely regarded as one of the most prolific energy-producing regions in the United States.

The acquisition was made through the Maroon Bells Fund, one of Rising Phoenix Capital’s actively managed mineral portfolios. The asset includes both producing wells and near-term permitted drilling locations, offering investors a low-risk entry point into sustained monthly cash flow and long-term upside from future development.

“Our underwriting is built around predictability—not hype,” said Jace Graham, CEO and Founder of Rising Phoenix Capital. “We target high-quality operators, proven geology, and mineral assets that deliver dependable monthly income. This acquisition furthers our commitment to that discipline and strengthens our presence in the heart of the Midland.”

This marks the firm’s fourth Midland Basin acquisition in 2025, reflecting Rising Phoenix Capital’s focused ground game and direct sourcing strategy. Rather than purchasing marketed packages, the firm builds institutional-grade portfolios through direct relationships with landowners, brokers, and mineral managers.

Interested in our current income-focused offering? To learn more about La Plata Peak Fund, visit laplatapeakfund.com or call 214.214.4268 for access.

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